Yahoo buys teen's news reader app for a reported $30M

Fresh off its grab of social recommendation site Jybe, Yahoo announced it is snagging the mobile news reader Summly, created by 17-year-old Nick D'Aloisio, who agreed to a deal worth $30 million dollars.

http://archive.newsleader.com/VideoNetwork/2255205517001/Yahoo-buys-teen-s-news-reader-app-for-a-reported-30Mhttp://bc_gvpc_od-f.akamaihd.net/media/963482463001/201303/140/963482463001_2255179787001_cab2cc1c-9f6b-4d45-bd22-170ba74d1b89.mp4?pubId=44692044001&videoId=2255205517001http://archive.newsleader.com/VideoNetwork/2255205517001/Yahoo-buys-teen-s-news-reader-app-for-a-reported-30Mhttp://bc_gvpc.edgesuite.net/img/963482463001/201303/124/963482463001_2255181837001_thumbnail-for-video-2255176814001.jpgYahoo buys teen's news reader app for a reported $30MFresh off its grab of social recommendation site Jybe, Yahoo announced it is snagging the mobile news reader Summly, created by 17-year-old Nick D'Aloisio, who agreed to a deal worth $30 million dollars.millionarevpcbestSummlytechnologyNick D'AloisioteenmoneyvpcNational NewsyahooVPC;Reutersmobile00:56